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This property looks like a bad Mid-Term investment with a projected -7.24% first-year return on $117k initial cash invested.
-7.24%
Cash On Cash
4.66%
Cap Rate
0.77
DSCR
$3,934
Rent
-$704
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,934 income − $4,638 expenses = $704 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,000
Closing costs
1%
$4,700
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,934
Total Expenses
$4,638
Mortgage P&I
60%
$2,374
Property Taxes
19%
$763
Home Insurance
4%
$164
HOA
0%
$0
Property Management
12%
$472
CapEx
4%
$157
Vacancy
3%
$118
Maintenance
4%
$157
Other
11%
$433